Gaxos.ai Inc. - GXAI STOCK NEWS

Gaxos.ai Inc. (NASDAQ: GXAI) has successfully closed a registered direct offering of 1,346,669 shares of common stock at $3.00 per share, raising approximately $4 million in gross proceeds. The company also issued unregistered warrants in a concurrent private placement to purchase up to 1,346,669 shares at an exercise price of $3.00 per share, valid for three years. H.C. Wainwright & Co. served as the exclusive placement agent. The net proceeds will be used for working capital and general corporate purposes. This offering brings Gaxos's total gross proceeds raised in December 2024 to approximately $9 million.

Gaxos.ai (Nasdaq: GXAI) has announced a $4 million registered direct offering priced at-the-market under Nasdaq rules. The company will sell 1,346,669 shares of common stock at $3.00 per share. Additionally, in a concurrent private placement, Gaxos will issue unregistered warrants to purchase up to 1,346,669 shares with an exercise price of $3.00 per share, exercisable upon issuance and expiring after three years.

The offering, expected to close around December 30, 2024, is being managed by H.C. Wainwright & Co. as the exclusive placement agent. The company plans to use the net proceeds for working capital and general corporate purposes. The common stock shares are being offered through a shelf registration statement, while the warrants are being issued through a private placement.

Gaxos.ai has announced the successful integration of Meshy 4 into their AI solution for game developers, Gaxos Labs. The update enhances 3D model creation capabilities, allowing users to fine-tune mesh topology, control polygon counts, and produce higher-quality 3D models more efficiently.

The key features include dynamic mesh topology with quad- or triangle-based mesh options, polycount limitation for optimal performance, improved geometry quality, and accelerated workflows. These enhancements enable creators to customize 3D assets for specific needs, from character animations to complex environments, while maintaining resource efficiency and real-time engine compatibility.

Gaxos.ai (Nasdaq: GXAI) has closed its previously announced registered direct offering, raising $5 million through the sale of 1,449,277 common stock shares at $3.45 per share. The company also issued unregistered warrants in a concurrent private placement to purchase up to 1,449,277 shares at an exercise price of $3.32 per share, exercisable immediately and expiring in three years. H.C. Wainwright & Co. served as the exclusive placement agent. The net proceeds, after deducting fees and expenses, will be used for working capital and general corporate purposes. The common stock shares were offered under a shelf registration statement, while the warrants were issued privately under Section 4(a)(2) of the Securities Act.

Gaxos.ai (Nasdaq: GXAI) has announced a $5 million registered direct offering of 1,449,277 common stock shares priced at $3.45 per share. The offering is priced at-the-market under Nasdaq rules and includes a concurrent private placement of unregistered warrants to purchase up to 1,449,277 additional shares at $3.32 per share. The warrants will be exercisable upon issuance and expire after three years.

The offering is expected to close around December 20, 2024, with H.C. Wainwright & Co. serving as the exclusive placement agent. The company plans to use the net proceeds for working capital and general corporate purposes. The common stock shares are being offered under a shelf registration statement, while the warrants are being issued through a private placement.

Gaxos.ai (GXAI) has announced the successful integration of Recraft AI into their Gaxos Labs platform, enhancing their artificial intelligence solution for game developers and publishers. The integration aims to simplify the game development process, supporting the company's strategy to become an all-in-one AI solution provider in the gaming industry.

Gaxos.ai has announced the release of a visual editor for the Godot Engine, enhancing their AI solution for game developers and publishers. The new editor features a user-friendly interface that simplifies the integration of AI-driven features into game projects. This development complements Gaxos's existing API, which is compatible with various game development engines, demonstrating the company's commitment to streamlining game development through visual tools and AI integrations.

Gaxos.ai has announced the successful integration of Suno AI and ElevenLabs into their artificial intelligence solution, Gaxos Labs. This integration enhances the platform's capabilities for game developers and publishers by adding AI-powered sound generation features, including sound clips, lyrics, and sound effects. The company aims to develop a comprehensive AI solution for the gaming industry by continuing to incorporate additional AI tools into their ecosystem.

Gaxos.ai announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset. The company's CEO, Vadim Mats, cited Bitcoin's growing demand, acceptance as a major asset class, and recent ETF approvals as key factors in this decision. The company views Bitcoin's supply and inflation-resistant characteristics as beneficial for maintaining value in their treasury strategy.